Weakness hit the market despite reports that both Republicans and Democrats may have found common ground on a budget deal that would divert a second government shutdown.

That kind of development should be bullish for stocks yet negative momentum prevailed with all three major indexes closing in the red.

That's a problem, isn't it?

Jim Cramer doesn't think so.

Adam Jeffery | CNBC

First, Cramer believes the sell-off was largely due to end of year profit taking as well as a kind of ennui about anything Washington related. "Also, rumors have been circulating on Wall Street about a deal for quite some time," said the money pro. "The announcement was anti-climactic and baked into the market."

However, the big reason Cramer isn't worried is because the current sell-off hasn't been terribly steep. In fact, most sell-offs over the second half of 2013 have not been steep at all.

"We haven't had a one percent correction since the early spring," Cramer said. "We haven't had a ten percent correction in two years."

"I'm eager for a larger decline. I await it and I want it," Cramer added. "I'd like to step in and buy."

Unfortunately, for a fundamental investor such as Cramer, the declines haven't been steep enough. They haven't driven his desired stocks to levels he finds sufficiently inexpensive. "All I can do is make a shopping list and wait."